Daniella Turenshine - Aug 7, 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Role
Chief Financial Officer
Signature
/s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine
Stock symbol
FIGS
Transactions as of
Aug 7, 2023
Transactions value $
-$29,617
Form type
4
Date filed
8/9/2023, 04:49 PM
Previous filing
Jul 6, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Sale -$29.6K -4.2K -0.96% $7.05 432K Aug 7, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 3/16/2023.
F2 All but 81,705 of these securities are Restricted Stock Units, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 563,755 shares of the Issuer's Class A Common Stock underlying vested options.